Shares Podcast: IntegraFin with Maynard Paton & Roland Head

Founder ownership, 40% profit margins and super cash generation. Maynard and I debate the attractions of investment platform IntegraFin (LON:IHP) and explain why it's different to AJ Bell and Hargreaves Lansdown.

Shares Podcast: IntegraFin with Maynard Paton & Roland Head
Photo by Matt Botsford on Unsplash

In this month's episode of the Private Investor's Podcast, my good friend Maynard Paton and I have been discussing FTSE 250 share IntegraFin (LON:IHP). This investment platform serves financial advisers only and boasts strong – albeit complex – financials.

IntegraFin makes for an interesting comparison with better-known platforms AJ Bell and Hargreaves Lansdown, and Maynard and I spent some time debating the relative attractions of each business in our discussion. I hope you enjoy listening!

The topics we discussed included:

  • IntegraFin's business model and track record of stable client cash inflows
  • Owner management and founder Michael Howard
  • Valuation and yield: is IntegraFin cheap?
  • IntegraFin's products and client base, including the potential attractions of onshore/offshore bonds...
  • Fair pricing and a heritage of disruption
  • Full interest rates on client cash: a refreshingly fair and transparent policy
  • Could asset management heavyweight BlackRock be planning a bid?
  • Comparing IntegraFin to AJ Bell and Hargreaves Lansdown
  • Growth opportunities and pressure from rising costs
  • Would we buy IntegraFin (or AJB or HL) at the current price? Could they get cheaper?
  • Closing thoughts - our verdict on this interesting business

This podcast was recorded on 26 June 2023.

I hope you enjoy our discussion. As always, all feedback is very welcome!


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